SPAIN
A scenic Mediterranean paradise with profound historical roots. Spain is home to one of Europe's leading economies. Offering highly lucrative investment opportunities, a booming tourism sector, and unparalleled global connectivity, the country promises a multi-faceted experience for those seeking prosperity and an enriching European lifestyle.
Visa Program
Golden Visa
Capital
Madrid
Geographical Location
South-western Europe, bordering the Atlantic Ocean and Mediterranean Sea.
Currency
Euro (€)
Spoken Language/s
Castilian Spanish 74%
Catalan 17%
Galician 7%
Basque 2%
English Proficiency
Not required
Investment Options
There are several investment options available at €500,000, but the offer introduced below is a pre-set option, whereby the developer can receive the funds directly from the investor, which may expedite the process of the investment. To accept funds directly from the applicants, the developer would require preliminary documents from the applicant to conduct their due diligence before accepting the investors.
All applicants will be required to provide personal bank statements as proof of financial capacity to meet the required investment and related costs.
Investment in commercial real estate units in Barcelona or Madrid.
€500,000 investment.
€150,000 is paid by the developer as 3% annual rental advance payment with an agreement which allows the developer to have the rights for the rental of the unit for 10 years and the amount paid by the investor is €350,000.
10 years later €350,000 will be returned to the applicant or they can continue to hold the property and receive rental income or use the property themselves.
Dependent Parents and Dependent Children over the age of 17 are accepted.
Dependent children 18 years plus, must be single, enrolled and continuing secondary education and not employed.
Dependent Children must prove dependency at the time of renewal of their Golden Visa till they receive their PR.
Issuance of Golden Visa if issued in Spain.
Processing time is approximately 8 to 12 months.
-Initial Golden Visa issued for 3 Years
-3rd year renewal of Golden Visa for 5 years
5 years from the start date of issuance of the initial Golden Visa, applicants can apply for PR.
5 years after PR, applicants can apply for citizenship.
General Application process
-Due diligence is conducted. Know Your Client + Proof of Source of Funds.
-Agreement and payment of preliminary advisory fee, legal fees + Government
fees.
-Power of Attorney and documents are provided so the TAX ID number can be acquired.
The client transfers the funds to buy the property.
-The property is bought for the client with the POA and the Title Deed is issued
-Documents along with Title Deed are submitted to Authorities.
-Processing time is approximately 20 Days to approval.
-Applicant travels to Spain for Biometrics and applies for a Residency Card.
-Within 30 to 45 days the Golden Visa cards are issued.
The client travels back to Spain to pick up the cards in person.
Application Fee
Will be advised depending on the size of the family.
Professional Fee
Will be advised based on rebates offered at that time.
Education Requirement
Other Requirements
Reasons to move to this country
Strategically located in Europe and a member of the EU and the Schengen area, Spain beckons investors and families alike, offering opportunities across various industries, as well as a high quality of life and reasonable cost of living. Diverse natural landscapes, a rich and inclusive culture, and a safe environment add to its allure, making it an ideal and desirable destination of choice for residents in Europe.
Program benefits:
Fast and straight-forward procedures;
Right to reside and work in Spain;
Right of Entry into Spain even in the case of border closures;
Visa-free travel across the Schengen area;
Access to public education and universal health care;
Inclusion of spouse, dependant children and parents in the application;
Possibility to obtain Spanish citizenship after 10 years of residency.